BB Net c orp. hereby announces that the Board of Directors meeting held on June 17, 2004 approved a resolution to conduct a stock split as follows:

Details of Stock Split

The main business of the BB Net corp. is the provision of “Shop Support,” a comprehensive support scheme for small and medium-sized enterprises. For this purpose, the Company has established “Hanjo Nets,” B2B portal sites for individual market sectors whose members receive two categories of services: “Front Services,” which involve the provision of information while maintaining solid relationships with members; and “Back Services,” which meet various needs common to all members such as the sale of food mat eri als and ingredients, planning and design of shops, and insurance and lease arrangements.

Since the Company's establishment in March 2000, the “Shop Support” concept has been the principal driver of sales and earnings. However due to Company's short history, we have been unable to build up adequate retained earnings to finance business expansion up to now and thus kept us from sharing profit in the form of dividends with our shareholders.

The management considers returns to our shareholders to be an important management issue. As a part of initiatives to our stockholders, particularly individual shareholders, we have conducted stock splits twice in the past and purchased fractional shares. Building on these initiatives and in view of the recent stock price trends, we declared a 3.1-for-1 stock split at the end of fiscal year to lower the minimum purchase unit and to enhance liquidity of our stock.

The Company considers to continue taking actions to return to our shareholders in consideration with profit of the Company and market conditions.

The increase in the number of shares will be equivalent to the number of common stock outstanding on Saturday July 31, 2004 (actually on Friday July 30, 2004 since July 31 is a holiday for our stock transfer agent) multiplied by 2.1. Any fraction of less than 1/100 shall be rounded down. The increase in the number of shares will be 101,054.31, assuming that there will be no conversion of the BB Net corp. unsecured yen-denominated convertible bonds with stock acquisition rights due 2006 and unsecured yen-denominated convertible bonds with stock acquisition rights due 2007 or no exercise of stock acquisition rights (stock options) between the date of the Board of Directors resolution and Saturday July 31.

For shareholders and beneficial shareholders on register or record in the real shareholders' register and beneficial shareholders' register, and shareholders of fractional shares on register or record in the fractional share register as of Saturday July 31, 2004 (actually on Friday July 30, 2004 since July 31, 2004 is a holiday for our stock transfer agent), each share will be split into 3.1 shares. Integer multiples of fractional shares of 1/100 resulting from the stock split shall be registered or recorded in the fractional share register. Fractional shares of less than 1/100 shall be sold or repurchased en bloc, with proceeds to be distributed among the shareholders for whom fractional shares resulted based on the magnitude of the relevant fractions.

Tuesday September 21, 2004

Sunday August 1, 2004

The number of authorized shares appearing in Article 5 of the Company's Articles of Incorporation will increase by 187,425 shares to 276,675 shares on Tuesday September 21, 2004 , necessitating an amendment to the Articles of Incorporation.

The Company shall issue share certificates for the additional number of shares resulting from the stock split to shareholders registered or recorded in the shareholders' register. However, the Company shall not issue share certificates for fractional shares resulting from the stock split. Fractional shares will be registered or recorded in the fractional shareholder register.

The additional number of shares resulting from the stock split for shareholders registered or recorded in the beneficial shareholders' register shall be registered or recorded in the beneficial shareholders' register or shareholders' depository accounts at their respective securities companies on September 21, 2004 .

Share certificates after the stock split and announcements on numbers of shares for respective shareholders shall be mailed on September 21, 2004 to shareholders at their registered addresses.

Fractional shares shall be purchased from September 21, 2004 .